HOW TO CHOOSE RIGHT COMMODITY ON any DAY?
It is most essential to choose right commodity for trading on any day.
If you are trading in wrong commodity (crude today after 3days upmove)
You will remain frustrated in waiting & other commodity will pour the money on others.
Some fellows are bound to gold-silver only & some are bound to copper-nickel only.
It is not good for regular intraday profit.
If silver has shown good moves for 2-3consecutive days,then it has to be rangebound & volatile on next day.So come out of hangover of a partylike move on time.
Without any prior assumption.
You just see the screen with focus.
We are giving a real example here –
on 27jun2013,
all market was very negative.
But NICKEL remained in plus till evening.
Choose any such scrip which is falling down very less in good falling market,
That scrip will go up in small reversal of negative market.BUY THAT.
viceversa,
Any scrip which is not moving up in good upside of whole market,
will fall down sharply in small down fall.
GOLD is such thing on that day.SELL IT.
CHECK if it is below average continuously,seller are increasing & sector is being negative.
If nickel is plus,copper is minus ,then sector is creating confusion.
You should check above given parameters for all commodities one by one .
It takes hardly 5 minutes.
Then choose the strongest (above average,more buyer,sector strong,last 3day move )
and the weakest to sell (below average,more sellers,sector down,last 3days)
There should be no panic in buying/selling.
If you tried to buy silvermini(5kg) @40100 and it went up suddenly to40300,
Then buy 2silvermicro(2kg)@40300 and remaining in dip,if you get chance.
Trade in right time slots- read related post.